Power Metallic Mines Inc.
High-Grade Discoveries Amid Rising North American Demand for Critical Metals
Published: 5/28/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:PNPN.V - NEO 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $1.1 |
| Fair Value | CAD $1.68 |
| Risk | 5 |
| 52 Week Range | CAD $0.54-1.97 |
| Shares O/S (M) | 223 |
| Market Cap. (M) | CAD $246 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 4.5 |
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Report Highlights
- PNPN is up 90% since our previous report in September 2024, and 378% since the beginning of 2024, making it one of the top-performing junior resource stocks. This rally was driven by the discovery of two high-grade polymetallic zones — the Lion zone in early 2024, and the Tiger zone in early 2025 — at its nickel-copper-PGM-gold-silver Nisk project in Quebec. Both zones feature exceptionally high grades, and thick mineralized intercepts, sparking strong market interest.
- Key investors include Robert Friedland, Rob McEwen, and Gina Rinehart.
- Recent drilling has consistently returned high-grade, long intercepts, expanding the project’s mineralized footprint. We now estimate the Lion zone could host 1.24 Blbs of high-grade CuEq, up from 0.92 Blbs previously. We await further results before estimating resources for the newly discovered Tiger zone.
- Approximately 40 drill holes have confirmed polymetallic mineralization at the Lion zone. We estimate average grades of 2.05% Cu (vs typical 0.2–2%), 18 g/t Au-Ag-PGEs (vs 0–10 g/
